Posts tagged ‘Canada’
As California’s unemployment rate actually edged up a few more notches to 12.5%, and the overall employment picture in the U.S. continues to be one of cautious optimism, Crossborder’s review of North American employment data through the end of December 2009 underscores the broad nature of job-losses throughout this interconnected economy.
Our most-recent CrossborderInsights brief (below) notes…[read more]
Our Two Pesos: $50.2 Million in USDOT TIGER Grants for Border Crossing Infrastructure….Thanks. Gracias. Más?
Today, US Transportation Secretary Ray LaHood announced $1.5 billion in funds for the Department’s TIGER (Transportation Investment Generating Economic Recovery) Grants — targeting 51 “high-priority, innovative transportation projects” around the United States. These are projects that were funded under the American Recovery and Reinvestment Act (ARRA), and competed against nearly 1,400 total transportation-related project submissions.
Of the 51 projects that were announced today as receiving FY2009 funds, two specifically are for improving border crossing infrastructure: $30 million toward a $79 million project to replace the Black River Bridge (connecting Port Huron, Michigan, with Canada); and $20.2 million toward the nearly $450 million project to construct the new SR-905 freeway connecting San Diego (and Otay Mesa) with Tijuana, Baja California….[read more]
On February 12, 2010, President Felipe Calderón of Mexico met with Prince Andrew of the United Kingdom to both reiterate Mexico’s interest in stronger trade and investment relationships with the UK, as well as to restate an ongoing Mexican goal of reducing their “dependence” on the United States as an export market.
In Mexico, the trade relationship with the U.S. is, by many, considered a mixed blessing: while NAFTA and the increasing integration with the U.S. economy has attracted significant foreign investment, created stronger commercial relations (and job growth), and has likely helped infrastructure modernization – it has come at the cost of Mexico being highly dependent on U.S.’ economic health. In 2008, President Calderón himself repeated the old phrase: “When the US catches a cold, Mexico gets pneumonia.”
The benefit and weakness of this relationship can be seen in Mexico’s trade data – the most recent of which covers January-November of 2009. CrossborderBusiness.com has analyzed this data, and provides a few brief observations about Mexico’s export trends in our new Crossborder Insights briefing…
A January USAToday article commented on the possible impact of US passport requirements for those crossing the border to enjoy the upcoming, 2010 Winter Olympics in Vancouver. The relatively new land border identification requirements (which went into effect in mid-2009) might not only impact border crossers for the Olympics, but have had an ongoing impact on short-term tourism (“day-trippers”) in Mexican communities along the entire US-Mexico border. While additional research in 2010 is needed, the USAToday article quoted Crossborder’s President and CEO, Kenn Morris, on the impact these requirements have had (combined with other factors, including the economy, border waits, and security concerns).
You can download the article here [PDF]: 100106-USAToday-USBorderRequirements-Hilite